SEOUL, Dec. 9 (Korea Bizwire) — South Korean businesses are increasingly leaving the Chinese market due to the prolonged U.S.-China trade dispute, rising labor costs, and a general economic downturn. With increased concern over export tariffs due to the U.S.-China trade dispute, not to mention the slumping economy, many South Korean businesses are considering whether [...]
SEOUL, Aug. 20 (Korea Bizwire) — Korean Air Lines Co. said Tuesday it will reduce more flights to Japan in the coming months due to lower travel demand to the neighboring country amid a trade dispute. Demand on the Japanese routes has been on a sharp decline since last month when Japan implemented export restrictions [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea and Japan decided Friday to delist each other as trusted trading partners, sending their trade and diplomatic row spiraling into an economic war, after Tokyo rejected Seoul’s repeated appeals for a negotiated resolution. Japan first removed South Korea from its whitelist of reliable countries earlier in the [...]
SEOUL, Jul. 22 (Korea Bizwire) – The campaign to boycott Japanese products and services has spread to the movie industry. Japanese animations that were recently released or are about to be released have been hit directly by the boycott. “Butt Detective: The Movie”, which was released on July 11, is under attack on the comments [...]
SEOUL, Jul. 21 (Korea Bizwire) — South Korea will step up its efforts this week to fend off a move by Japan to impose additional trade restrictions against Seoul, according to government officials on Sunday, amid a growing trade dispute that could also disrupt global supplies of semiconductors and smartphones. Diplomatic and economic tensions are [...]
SEOUL, Jun. 17 (Korea Bizwire) — Uncertainties stemming from the escalating U.S.-China trade dispute and a slowdown in Asia’s fourth-largest economy are changing the way investors here behave, with many apparently rushing to buy what they believe to be safer assets, such as bonds, gold and houses, data showed Monday. Bond prices have skyrocketed to [...]
HONG KONG, CHINA, Feb. 14 (Korea Bizwire) - There is growing uncertainty about how recent trade disputes between the United States and China will be resolved – and how it could affect the rest of the world. However, academics from The Chinese University of Hong Kong (CUHK) Business School, City University of New York, and the University [...]
SEOUL, Nov. 28 (Korea Bizwire) — Spreading protectionism and a relatively weak sport-utility vehicle lineup will remain major challenges confronting Hyundai Motor Co. next year, experts here said Wednesday. The trade tariff dispute between the United States and China will be one of the most pressing challenges for carmakers around the world going forward, unless [...]